Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ) has updated current progress toward financing the Kokopelli project. The company has retained Casimir Capital LP, a full service energy focused investment bank, to assist Dejour with securing debt financing to support the Kokopelli project development in 2015, 2016, and 2017. Dejour expects to participate in a 2015 drilling campaign that includes at least 10 additional wells.
As per previous reports, the operator must deploy development capital for the 2014 program which includes drilling and completing nine wells to earn its 65% working interest (WI) in the 2,200-acre property. The program is under way and on schedule. Upon this deployment of capital, Dejour will retain a 25% WI in the Kokopelli project. Together, the WI partners expect to develop the area which could hold 250 potential drilling targets.